Items filtered by date: 08 February 2018

Ukraine: The share of counterfeit products on the cement market in Ukraine dropped to 8.0% in 2017 from a staggering 21.5% in 2014, according to a press release from the Ukrcement association of cement producers, with reference to a study by GfK Ukraine. Ukrcement believes that change was prompted by the signing of a memorandum on the quality of cement between Ukrcement, the Union of Consumers and large distributors of construction materials in 2017.

France: Access to the Calcia cement factory in Calvados was ‘blocked’ on Wednesday 7 February 2018 by protestors from the General Confederation of Labour (CGT). They were protesting the salary policy of the company, as well as job cuts taking place across France. The move followed the collapse of annual pay talks between the HeidelbergCement subsidiary and the CGT.

Bertrand Moreau from the CGT said that the unilateral 1.3% pay increase offer from Calcia was not sufficient and that workers had witnessed ‘deteriorating working conditions’ since HeidelbergCement took over the company in 2016. He also expressed disappointment at plans to cut 22 jobs at Calcia’s Cruas plant in the Ardeche. The company employs around 1300 people across 10 sites in France.

Denmark: Cement plant manufacturer FLSmidth has announced its financial results for 2017, which show, overall, its strongest order intake for four years. Total orders grew by 6% year-on-year in 2017, bolstered primarily by the company’s Minerals division.

Cement sector orders for the year were Euro611.0m, 1% lower than the Euro615.0m seen in 2016. Revenue from cement sector orders came to Euro547.9m, 5% lower than the US$576.0m orders received in 2016.

“2017 probably marked the trough of the business cycle and, based on our good positioning and strong life-cycle solutions, we expect our business to start growing again in the coming years. Our order intake increased and the momentum in the mining sector continues in 2018, while cement market conditions are expected to remain unchanged,” said CEO Thomas Schulz.

For 2018, FLSmidth anticipates an overall revenue from all activites of Euro2.42-2.68bn (2017 was Euro2.42bn).

Colombia: Cemex Latam Holdings, the subsidiary of Mexican cement company Cemex in Central and South America and Caribbean region, has confirmed that is ‘solving’ the legal issues that prevent the opening of its new plant in Maceo, Antioquia, Colombia. The inauguration of the facility was postponed in May 2017 after authorities stated that the plant had not obtained all the permits to start operations. Jaime Muguiro, president of Cemex Latam, expressed that the company was still awaiting authorisation for the expansion of the plant's installed capacity, which is currently artificially limited to 0.25Mt/yr. The plant has a design capacity of 1.3Mt/yr and has so far cost Cemex US$420m.

Japan: Taiheiyo Cement has released its financial results for the nine months to 31 December 2017. They show a 10.3% rise in revenue for the nine month period to US$5.96bn from US$5.40bn in the first nine months of 2016. Its operating profit was up by 10.1% from US$403m to US$444m over the same period but its net profit fell by 43% to US$297m from US$520.9m. For the full year to 31 March 2018, Taiheiyo Cement advises that it anticipates a revenue of US$7.9bn, an operating profit of US$611m and a net profit of US$347m.

India: Cement maker ACC Ltd has announced that its fourth-quarter profit for 2017 was more than double that of the same period of 2016. Its profit rose by 126% to US$32.1m in the quarter that ended on 31 December 2017, from US$14.1m in 2016. Its net sales for the quarter were 30% higher at US$531m.